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Reliance Securities: Minda Industries’ Multiple Growth Drivers Justify Premium Valuation

Minda Industries is a well-diversified company in India’s auto components space, catering to local and global OEMs.

An employee performs a quality check on an engine part. (Photographer: Muhammad Fadli/Bloomberg)  
An employee performs a quality check on an engine part. (Photographer: Muhammad Fadli/Bloomberg)  
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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